The National Stock Exchange (NSE) on August 16, 2023, issued a circular regarding the Segregation and Monitoring of Collateral at Client Level.
Further to NCL Circular NCL/CMPL/ 54214 dated October 27, 2022, pertaining to daily reporting of Client Collateral Segregation data by Clearing Members, members are also additionally required to include NIL holding or Zero balance clients in the daily Collateral Segregation reporting.
It may be noted that members are not required to upload data for clients with zero balance / NIL holding who have not traded in the last 12 months.
The provisions of this circular shall be effective from reporting for trade date September 01, 2023, onwards.
[Circular No: 30/2023]
